Tax File Number and Withholding Tax – Australia

Product Description

This training module covers two important areas for the staff of banking institutions:

  • The collection of Tax File Numbers, exemptions and Australian Business Numbers for accounts.
  • Withholding tax procedures that apply to interest paid on accounts in certain circumstances.

 

Who should do this training?

This training is important for customer-facing staff of banking institutions in Australia, especikally those who set up new accounts for customers.

Course Outline

  • The procedure for collecting TFNs
  • The application of withholding tax where a TFN is not quoted
  • The TFN and withholding tax rules for special customers

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